FinServe helps financial service companies find success. Below you will find some data collected from ISBDC’s study which included the analysis of financial service companies.

Financial service companies which started in 2005 had a mortality rate of nearly sixty percent by 2010.

Here is a list of reasons lenders fail:

• Lack of planning
• Taking an emotional approach to pricing
• No knowledge of industry/pricing/rates (misguided underwriting)
• Living beyond the means of the business…

However unbalanced experience or lack of experience accounted for the biggest piece of the pie in failure of the financial business at 30% while 11% of failure was attributed directly to LACK of experience specifically wasted or no advertising budgets. FinServe provides a system which has proven to beat the odds of financial service companies failing.  FinServe has the network of brokers (16,000+), and experience to take your lending business and turn it into a great success. 

For more information about this topic and FinServe programs for lenders please feel free to call.

Committing to a program with FinServe is committing to the survival and exponential growth of your lending organization!

If you haven’t already, download this research report that highlights the results of over 50 financial service companies lead response management programs. This is a must see research report for all financial service companies.